St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-01
ST. PAUL REAL ESTATE.
Gradually and Surely the Market I'm
proves and Strengthens, Prices Be-
coming Firmer and Strong.
The St. Paul Flats Still Continue to At
tract Attention of All Buyers Of
Realty.
Property Advancing all Along the
Line and the Desire for Broad
Acres Increasing.
Notwithstanding Large Volume of
Business the Market is
Quiet One.

1nere mas Deell no great VarlallOn i'll Tic
real estate market the past week from the
conditions of the preceding one. AS the
season advances the market seems to grow
more and more quiet in its outward indica-
tons, while the recorded transactions show
gradual and continuous increase in the
volume of business. The apparent quiet
OF the market is attributed to the fact that
the business transacted is done by stch a
large number of real estate agents, scattered
over such a wide extent of territory. Each
one seems to be doing but little. while the
aggregate of sales is large. Without adding
in three large sales that have been made,
the transfers during the week will foot up
about $780, 900. Most of these sales
have been for moderate amounts
and the aggregate weeks work is
not swelled out by any large syndicate
transactions. Business in reality seems to
have came down TO a staple basis, governed
by fixed and recognized rules and regula-
tions the same as is the business OF bank
or a dry goods house. AS a general thing
sales run from $500, 900 &c. $500, 900 per
week. Another
FAVORABLE CONSIDERATION
is that larger amounts of money are paid
on purchases than heretofore, and that deal
merly. These two considerations are cal
culated to give stability. character and firm
ness to tn. .cqrket. a stranger, to look
upon the real eStal. market in st. Paul to-
dav, would hardly call it a,-~a. and yet
good, steady business of about $3.50, 600 per
daV is being done. and this is gradual
and moderately increasing as the season
progresses There seems to be no locality
that is especially favored in any marked de-
gree. OF course, all the Midway property
is always held in great favor, and is likely
to continue so as long as these two cities
exist. For safe, permanent, secure prop
erty. that is bound under all circumstances
TO be good. the Midway will probably stand
first. There are other points, though. where
a smart Spectator with money can proba-
bly, increase his wealth more rapidly.
There is no cessation of business. or indi-
cation of weakening. in the West st. Paul
district This section of the city seems to
be very wonderful one. Values are very
firm, with a tendency to advance while the
desire to obtain
WEST ST. PAUL REAL ESTATE
is extending the area of real estate trans
actions far below South st. Paul, and one
addition after another is being made so
rapidly that one can hardly bear them in
mind. People are wondering what is to be
the result of the astonishing developments
that are being made in that section of the
city, That immense fiat under the bluffs
that has been despised and avoided ever
since white people began to settle in st.
Paul. has come 10 be an empire of unknown
elements of development. Commencing at
the river and taking a sweep of the country
covering Dayton's bluff, clear to the eastern
boundary of the city and around to and in
Gliding Arlington hills there is the same
activity in real estate, and building and
general progress that shows how rapidly
the city is growing. There is an active in
qury for acre property, especially out
around and beyond Phalen, and generally
speaking, all along the West Wisconsin
road. There seems to be general belief
that something will transpire IN that d-
recton. All along across the country
north Of the city, acre property has also
been in demand especially where the 500"
road is expected to be run. The demand
through the whole week has been
LARGELY FOR ACRE PROPERTY.
Considerable attention is being turned to
the town of Castle. on the Wisconsin road,
and also to the town of Gladstone, that is to
be. Property east of the city generally has
been receiving much more attention during
the week than ever before. Inside the city
limits transactions have been confined
largely to dealings in building lots at mod
crate prices, running all the way up to
Sc, 900 or IS, 900. Strangers are continu-
ally arriving in st. Paul with view of To-
eating here, but they are met with the old
difficulty of not being able to find dwelling
houses. Houses to rent are so scarce that
they are compelled to buy lots and build.
Business property, while it has not been
neglected, has not attracted that attention
it has in the past and will in the future
Prices, however. are firm and steady. with
decided tendency to advance. The paw
ing of Broadway and the streets east of
Jackson has been commenced. the survey
for the paving of Jackson to Thirteenth has
been made. the sewer on Eighth street, pre-
paratory to paving that thoroughfare, Is
about completed, and large and general
system of public Improvements has been
commenced.